ZENITH International Journal of Multidisciplinary Research
  • Year: 2018
  • Volume: 8
  • Issue: 11

Performance evaluation of stock market in India: A study

  • Author:
  • B.M. Kanahalli1, Ravindra2,
  • Total Page Count: 12
  • Page Number: 366 to 377

1Professor and Former Dean, Department of Commerce, Gulbarga University, Kalaburagi. E-mail: drbmk_627@rediffmail.com

2Research Scholar, Department of Studies and Research in Management, Gulbarga University, Kalaburagi

*Corresponding Author E-mail: ravindrag609@gmail.com

Online published on 23 January, 2019.

Abstract

The study attempts to evaluate the performance of stock market in India for the period starting from 2007 to 2017. We have included five parameters viz, Market-cap-to-GDP ratio, Price-toearnings (P/E) ratio, Price-to-book ratio, Dividend yield and Price-Earnings-to-growth(PEG) ratio to measure the performance of stock market. The findings of the study reveal that, market valuation in terms of P/E ratio and PEG ratio indicates that the Indian equity market is expensive and overheated. On the other hand Market-cap-to-GDP, Price-Book value, Dividend yield, and indicate that the market is still attractive and not yet slipped into expensive territory

Keywords

Dividend yield, Market-cap-to-GDP ratio, Price-to-Earnings ratio, Price-to-Book ratio, Price-Earnings-to-Growth ratio